Comments on: What happens to a public companys trademark name if the companys management all quit? http://www.bizbabble.org/what-happens-to-a-public-companys-trademark-name-if-the-companys-management-all-quit/ Mon, 30 Jan 2012 08:53:41 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: ipguy http://www.bizbabble.org/what-happens-to-a-public-companys-trademark-name-if-the-companys-management-all-quit/comment-page-1/#comment-1384 ipguy Sun, 14 Mar 2010 03:56:33 +0000 http://www.bizbabble.org/what-happens-to-a-public-companys-trademark-name-if-the-companys-management-all-quit/#comment-1384 There is not enough information in your question to answer fully. Has the company ceased operating or have they just gone through management turmoil? Have the filed for bankruptcy protection? It is possible that there can be a successor-in-interest or a bankruptcy trustee to reckon with. A trademark is not abandoned for two or more years after use stops unless there is an intent to abandon the mark. If someone revives the business, their rights in the mark will likely continue. Let some time pass and see what happens. If the company genuinely goes away, at some point, they are out of your life. Non-use of a mark results in abandonment, but time has to pass. There is not enough information in your question to answer fully. Has the company ceased operating or have they just gone through management turmoil? Have the filed for bankruptcy protection? It is possible that there can be a successor-in-interest or a bankruptcy trustee to reckon with. A trademark is not abandoned for two or more years after use stops unless there is an intent to abandon the mark. If someone revives the business, their rights in the mark will likely continue.

Let some time pass and see what happens. If the company genuinely goes away, at some point, they are out of your life. Non-use of a mark results in abandonment, but time has to pass.

]]> By: mnorris120 http://www.bizbabble.org/what-happens-to-a-public-companys-trademark-name-if-the-companys-management-all-quit/comment-page-1/#comment-1383 mnorris120 Sun, 14 Mar 2010 03:45:20 +0000 http://www.bizbabble.org/what-happens-to-a-public-companys-trademark-name-if-the-companys-management-all-quit/#comment-1383 If you have received no official word that the contract has not been assigned to someone else (who would act in place of the original company you contracted with), then the deal is dead. It takes two to dance. One word of caution: sounds like that company is on hard times, so it may owe money to others. If you are using the same company name or logo, confusion could arise and company creditors may start hounding you, thinking you are the defunct company. Likewise, if you apply for a business loan, a lender may not trust you, if they think you are tied to the defunct company. Good luck If you have received no official word that the contract has not been assigned to someone else (who would act in place of the original company you contracted with), then the deal is dead. It takes two to dance. One word of caution: sounds like that company is on hard times, so it may owe money to others. If you are using the same company name or logo, confusion could arise and company creditors may start hounding you, thinking you are the defunct company. Likewise, if you apply for a business loan, a lender may not trust you, if they think you are tied to the defunct company. Good luck

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